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Droom IPO
Droom
Droom IPO Details
Droom is coming up with an ipo that comprises of a combination of fresh issue about (2000 crores) and an offer for sale (about 1000 crores).
The net proceeds from the fresh issue will be utilized for funding organic & inorganic growth initiatives. Rest will be used for general corporate purposes.
Company Business
Droom is a tech company focused on online automobile buying and selling and is one of top players in India's used car market
The website and mobile apps provide users with convenience and a seamless experience to search, buy, and sell vehicles, covering everything from browsing and pricing to certification, financing, and doorstep delivery.
IPO Strengths
- Operates into automotive industry. India is currently the fifth-largest automotive industry and is expected to be the world’s third-largest automotive industry in terms of volume by Fiscal 2026
- Market leader among automobile e-commerce platform.
- Diverse range of products and services.
- Experienced management team
- Being an online platform the company has light assets and low depreciation value. Moreover the operating costs are also minimum.
IPO Weaknesses
- Operates in automobile retail industry which is a highly competitive industry in India.
- Its a online e-commerce business that has a major dependency on the customer experience.
- There are some legal proceedings over the company, directors and promoters that could adversely affect the company if they go against them.
- The company is facing subsequent losses over the years.
Droom Revenue & Profit
+1.461 | -1.054 |
+1.814 | -0.896 |
+1.355 | -0.689 |
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Droom IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Droom IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Droom IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Droom IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Droom IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Droom IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Droom IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.